09-Mar-2021 | Zion Market Research
The global pharmaceutical processing seals market was valued at USD 2.1 billion in 2019 and is anticipated to surpass USD 3.5 billion by 2025 with a CAGR of 7.2%. The global market is seeing development due to trends prevailing in the global pharmaceutical sector such as rising requirement for innovative and new pharmaceutical manufacturing tools and incessant R&D for development of new product owing to technical enhancements. The rise in pharmaceutical production in Asia Pacific area, majorly in Korea, China, India, and the South East Asian nations has driven the market for pharmaceutical manufacturing equipment, hence powering the pharmaceutical processing seals market in the area. Moreover, the rising healthcare industry in the area is predicted to elevate the requirement for pharmaceutical equipment and boost the global market for pharmaceutical processing seals.
Players such as Freudenberg Group, Trelleborg AB, James Walker, Flowserve Corporation, Saint-Gobain S.A., Parker Hannifin Corporation, John Crane, Garlock, Morgan Advanced Materials PLC, and IDEX Corporation are active in the global market.
Metals Segment To Rule The Global Pharmaceutical Processing Seals Market
Based on material, metals added up for the biggest share of the global market. Metals are favored for pharmaceutical processing seals owing to their capability of withstanding extreme pressure & temperatures and chemicals reactions, non-reactive from process fluids, resistance to toxic chemicals, prevention from leakage & contamination, and high speed & friction. Metals are employed for creating lip seals, O-rings, and gaskets that are employed in as mixers, agitators, gear boxes, and reactors.
O-Rings Segment To Drive The Global Pharmaceutical Processing Seals Market
O-rings are used widely in pharmaceutical equipment due to its low price. O-rings are employed in different kinds of static and dynamic applications in the pharmaceutical sealing sector. Static applications such as gas or fluid sealing applications primarily use O-rings. The rising requirement for different kinds of pharmaceutical tools such as hydraulic cylinders, agitators, batch reactors, HPLCs, and centrifuges in the developing areas such as South America, Asia Pacific, and the Middle East & Africa are predicted to boost the requirement for pharmaceutical processing seals.
North America Expected To Be The Biggest Market For The Market
North America added up for the biggest share of the global market for pharmaceutical processing seals in 2019. Huge demand and consumption for innovative & new pharmaceutical goods due to the existence of solid healthcare industry has driven the manufacturing of pharmaceutical goods in the area resulting in the growth global market for pharmaceutical manufacturing equipment. The huge usage of pharmaceutical manufacturing tools is predicted to boost the market for pharmaceutical processing seals in the area.
Browse the full “Pharmaceutical Processing Seals Market - By Type (Gaskets, O-Ring Seals, D Seals, And Lip Seals), By Material (PTFE, Metals, Silicone, Nitrile Rubber, And EPDM), By Application (Manufacturing Equipment And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/pharmaceutical-processing-seals-market
The global pharmaceutical processing seals market is segmented as follows:
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